Consolidated financial statement of the Eurosystem as at 27 October 2017: commentary
In the week ending 27 October 2017 gold and gold receivables (asset item 1) remained unchanged.
As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) rose by EUR 14.9 billion to EUR 131.1 billion.
Base money (liability items 1, 2.1 and 2.2) increased by EUR 39 billion to EUR 3,095.7 billion.
The table below provides the detailed breakdown of securities held for monetary policy purposes (asset item 7.1) into the different portfolios. All portfolios are accounted for at amortised cost.
Monetary policy securities portfolios
Reported value as at 27 October 2017
Weekly change – purchases
Weekly change – redemptions
Covered bond purchase programme 1
EUR 6.1 billion
-EUR 0.9 billion
Covered bond purchase programme 2
EUR 4.8 billion
-EUR 0.0 billion
Covered bond purchase programme 3
EUR 235.8 billion
+EUR 1.2 billion
-EUR 0.3 billion
Asset-backed securities purchase programme
EUR 25.0 billion
+EUR 0.3 billion
-EUR 0.2 billion
Corporate sector purchase programme
EUR 121.2 billion
+EUR 1.8 billion
-EUR 0.0 billion
Public sector purchase programme
EUR 1,796.5 billion
+EUR 13.6 billion
-EUR 2.2 billion
Securities Markets Programme
EUR 88.9 billion
The content and format of the weekly financial statement are set out in Annexes IV to VI of Guideline (EU) 2016/2249 of the European Central Bank of 3 November 2016 on the legal framework for accounting and financial reporting in the European System of Central Banks (ECB/2016/34).